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Nonprofiteer
← COLLEGIATE ACADEMIES

Form 990 for tax year 2022

Filed by COLLEGIATE ACADEMIES.

Totals

Total revenue
$66,468,144
Total expenses
$60,136,231
Contributions and grants received
$65,804,032
Grants paid
$0
Program service revenue
$567,837
Investment income
$96,275
Other revenue
$0
Total assets, end of year
$23,301,807
Total liabilities, end of year
$3,696,842
Net assets or fund balances, end of year
$19,604,965
Program services expenses (Part IX)
$27,833,737
Management and general expenses
$32,302,494
Fundraising expenses
$0
Program service expenses (Part III)
$27,833,737

Program services were 46.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $58,094,831

  • 1f · All other contributions, gifts and grants

    $7,709,201

  • 2a · Program service revenue: STUDENT ACTIVITY INCOME

    total $567,837 · related or exempt $567,837

  • 3 · Investment income

    total $96,275 · excluded $96,275

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,488,581 · program services $1,398,745 · management and general $1,089,836

  • 7 · Other salaries and wages

    total $28,462,583 · program services $15,997,835 · management and general $12,464,748

  • 8 · Pension plan contributions

    total $783,203 · program services $440,211 · management and general $342,992

  • 9 · Other employee benefits

    total $3,095,685 · program services $1,739,978 · management and general $1,355,707

  • 10 · Payroll taxes

    total $2,270,744 · program services $1,276,307 · management and general $994,437

  • 11b · Fees: legal

    total $119,716 · management and general $119,716

  • 11c · Fees: accounting

    total $328,478 · management and general $328,478

  • 11g · Fees: other

    total $10,764,367 · program services $1,908,136 · management and general $8,856,231

  • 12 · Advertising and promotion

    total $4,977 · management and general $4,977

  • 13 · Office expenses

    total $6,717,895 · program services $3,008,714 · management and general $3,709,181

  • 14 · Information technology

    total $554,341 · management and general $554,341

  • 16 · Occupancy

    total $3,475,277 · program services $1,433,958 · management and general $2,041,319

  • 17 · Travel

    total $310,439 · program services $76,348 · management and general $234,091

  • 22 · Depreciation, depletion and amortization

    total $21,939 · management and general $21,939

  • 23 · Insurance

    total $738,006 · program services $553,505 · management and general $184,501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,750,738 · end of year $9,477,112

  • 3 · Pledges and grants receivable

    beginning of year $7,570,848 · end of year $4,751,133

  • 9 · Prepaid expenses and deferred charges

    beginning of year $196,975 · end of year $349,950

  • 10a · Land, buildings and equipment: cost or other basis

    $267,987

  • 10b · Land, buildings and equipment: accumulated depreciation

    $101,090

  • 10c · Land, buildings and equipment, net

    beginning of year $188,833 · end of year $166,897

  • 11 · Investments: publicly traded securities

    beginning of year $140,000 · end of year $8,199,506

  • 15 · Other assets

    beginning of year $0 · end of year $357,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,163,542 · end of year $3,325,068

  • 19 · Deferred revenue

    beginning of year $410,800 · end of year $14,565

  • 25 · Other liabilities

    beginning of year $0 · end of year $357,209

  • 27 · Net assets without donor restrictions

    beginning of year $12,926,552 · end of year $19,461,965

  • 28 · Net assets with donor restrictions

    beginning of year $346,500 · end of year $143,000

Mission and programs · 2022

Mission

COLLEGIATE ACADEMIES BUILDS WORLD-CLASS PUBLIC SCHOOLS THAT PREPARE ALL STUDENTS FOR COLLEGE SUCCESS AND LIVES OF UNLIMITED OPPORTUNITY.

  • COLLEGIATE ACADEMIES OPERATED SIX SCHOOLS THIS YEAR, SERVING NEARLY 3,000 PUBLIC SCHOOL STUDENTS IN NEW ORLEANS AND BATON ROUGE. OVER 98% OF GRADUATING SENIORS WERE ACCEPTED INTO A 2 OR 4 YEAR COLLEGE OR UNIVERSITY. ALL COLLEGIATE ACADEMY SCHOOLS RECEIVED A "B OR BETTER LETTER GRADE FROM THE STATE OF LOUISIANA FOR ACADEMIC PROGRESS.

    Expenses $27,833,737 · Revenue $567,837

As filed on the 2022 return.

Listed in Part VII

  • ADAM HAWF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANN DUPLESSIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS FINEGAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • GREGORY M ST ETIENNE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN WILSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • KEVIN WILKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RACHELL WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHARONDA WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN ROSENTHAL

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • OSCAR BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERRANCE LOCKETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY MCELLIGOTT

    PRINCIPAL

    Total calculated
    $130,712
    From this org
    $123,815
    From related orgs
    $0
    Other
    $6,897
    Hours/week
    40

  • BENJAMIN DAVIS

    PRINCIPAL

    Total calculated
    $112,543
    From this org
    $106,371
    From related orgs
    $0
    Other
    $6,172
    Hours/week
    40

  • SAMANTHA JOHNSON

    PRINCIPAL

    Total calculated
    $125,914
    From this org
    $119,256
    From related orgs
    $0
    Other
    $6,658
    Hours/week
    40

  • DAVIS ZAUNBRECHER

    CHIEF STRATEGY OFFICER

    Total calculated
    $141,993
    From this org
    $134,864
    From related orgs
    $0
    Other
    $7,129
    Hours/week
    40

  • AKEEM LANGHAM

    PRINCIPAL

    Total calculated
    $106,595
    From this org
    $100,730
    From related orgs
    $0
    Other
    $5,865
    Hours/week
    40

  • JEREL BRYANT

    PRINCIPAL

    Total calculated
    $192,921
    From this org
    $184,214
    From related orgs
    $0
    Other
    $8,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,214
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,707
    Filer's total
    $192,921

  • JUSTIN PICKEL

    CHIEF OPERATING OFFICER

    Total calculated
    $132,489
    From this org
    $125,357
    From related orgs
    $0
    Other
    $7,132
    Hours/week
    40

  • SAMARA LEVY

    DIRECTOR OF PRINCIPAL

    Total calculated
    $110,020
    From this org
    $103,048
    From related orgs
    $0
    Other
    $6,972
    Hours/week
    40

  • KELSEY E LAMBRECHT

    PRINCIPAL

    Total calculated
    $114,536
    From this org
    $106,604
    From related orgs
    $0
    Other
    $7,932
    Hours/week
    40

  • KRISTIN CALLAHAN

    DIRECTOR OF PUPIL APPRAISA

    Total calculated
    $123,812
    From this org
    $117,182
    From related orgs
    $0
    Other
    $6,630
    Hours/week
    40

  • LAUREN KATZ

    INTERIN CHIEF OF STAFF

    Total calculated
    $112,846
    From this org
    $106,948
    From related orgs
    $0
    Other
    $5,898
    Hours/week
    40

  • MARGO LUKENS

    CHIEF OF SCHOOLS

    Total calculated
    $161,633
    From this org
    $156,526
    From related orgs
    $0
    Other
    $5,107
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,526
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,107
    Filer's total
    $161,633

  • MATTHEW AIDAN KELLY

    CHIEF ACADEMIC OFFICER

    Total calculated
    $132,098
    From this org
    $124,457
    From related orgs
    $0
    Other
    $7,641
    Hours/week
    40

  • RHONDA DALE

    PRINCIPAL

    Total calculated
    $168,217
    From this org
    $158,735
    From related orgs
    $0
    Other
    $9,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,735
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,482
    Filer's total
    $168,217

  • SOPHIA SCOTT

    PRINCIPAL

    Total calculated
    $127,677
    From this org
    $120,614
    From related orgs
    $0
    Other
    $7,063
    Hours/week
    40

  • SORAYA VERJEE

    CHIEF TALENT OFFICER

    Total calculated
    $138,179
    From this org
    $129,838
    From related orgs
    $0
    Other
    $8,341
    Hours/week
    40

  • STACY MARTIN

    DIRECTOR OF EXTERNAL AFFAI

    Total calculated
    $191,928
    From this org
    $181,517
    From related orgs
    $0
    Other
    $10,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,517
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,411
    Filer's total
    $191,928

  • FRANCESCA ANTONUCCI

    DIRECTOR OF STUDENT SUPPORT

    Total calculated
    $106,663
    From this org
    $100,563
    From related orgs
    $0
    Other
    $6,100
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE SCHOOL LEADER AND OTHER TOP MANAGEMENT POSITIONS INCLUDE REVIEW BY AN INDEPENDENT PERSON; FURTHERMORE, THE COMPENSATION AMOUNT IS COMPARED TO COMPENSATION OF OTHER SCHOOL LEADERS AND TOP MANAGEMENT POSITIONS WITHIN SIMILAR ORGANIZATIONS. SUCH EMPLOYEES ARE NOT INVOLVED WITH THIS REVIEW NOR APPROVE OF THEIR OWN COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
26 February 2024
IRS schema version
2022v5.0
Source object
202431229349300438

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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